alligator

An option spread in which the commissions are so large a part of any potential profit that the investor gets eaten alive. Obviously, alligator spreads are of greater benefit to the broker than to the investor.

Another conference presenter, Hans Paerl, Kenan Professor of Marine and Environmental Sciences at the University of North Carolina's Institute of Marine Sciences, has helped investigate Florida's toxic algal blooms, which are the prime suspect in die-offs of American alligators on Lake Griffin, in the center of the state.

Under this designation, which is intended to protect other listed species that bear a resemblance, commercial take of American alligators is regulated by the states, while export of tagged skins or hides falls under federal jurisdiction.

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